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Zhongtai Securities CoSHSE:600918 -2.65%62 PE Ratio without NRI is 30.78 as of Jul. 26, 2026, which is 13% below its 10-year median of 35.55. GuruFocus rates SHSE:600918 with a GF Score™ of 62/100 and a GF Value™ of ¥6.87 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 554 Capital Markets companies, Zhongtai Securities Co ranks worse than 75.99% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-26), Zhongtai Securities Co's share price is ¥5.51.
Zhongtai Securities Co's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ¥0.18. Therefore, Zhongtai Securities Co's PE Ratio without NRI for today is 30.78.
During the past 13 years, Zhongtai Securities Co's highest PE Ratio without NRI was 184.25. The lowest was 17.74. And the median was 35.55.
Zhongtai Securities Co (SHSE:600918) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Zhongtai Securities Co PE Ratio without NRI Related Terms
Zhongtai Securities Co PE Ratio without NRI Historical Data
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The historical data trend for Zhongtai Securities Co's PE Ratio without NRI can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SHSE:600918 vs MS, GS, SCHW: PE Ratio without NRI Comparison
For the Capital Markets subindustry, Zhongtai Securities Co's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Zhongtai Securities Co PE Ratio without NRI vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Zhongtai Securities Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Zhongtai Securities Co's PE Ratio without NRI falls into.
Zhongtai Securities Co PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Zhongtai Securities Co's Share Price of today is ¥5.51.
Zhongtai Securities Co's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0.18.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Zhongtai Securities Co (SHSE:600918) has a PE Ratio without NRI of 30.78 as of Jul. 26, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Zhongtai Securities Co and its competitors. This is 13% below median its historical median of 35.55. Over the past decade, Zhongtai Securities Co's PE Ratio without NRI has ranged from 17.74 to 184.25. According to the industry distribution chart, Zhongtai Securities Co ranks #421 out of 554 companies in the Capital Markets industry, placing it in the top 76%.
Is Zhongtai Securities Co's PE Ratio without NRI too high?
Zhongtai Securities Co's current PE Ratio without NRI of 30.78 is 13% below median its 10-year median of 35.55. Over the past 10 years, this metric has ranged from a low of 17.74 to a high of 184.25. The Capital Markets industry median PE Ratio without NRI is 16.84. Zhongtai Securities Co's value of 30.78 is 82.8% above this industry median. Based on the distribution chart, Zhongtai Securities Co ranks #421 out of 554 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Zhongtai Securities Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhongtai Securities Co's PE Ratio without NRI compare to MS and GS?
According to the Capital Markets industry distribution chart, Zhongtai Securities Co ranks #421 out of 554 companies for PE Ratio without NRI. This places Zhongtai Securities Co in the lower half of its industry. The industry median PE Ratio without NRI is 16.84. Zhongtai Securities Co's value of 30.78 is 82.8% above this benchmark. Historically, Zhongtai Securities Co's own PE Ratio without NRI has ranged from 17.74 to 184.25 over the past decade. While the company's 10-year median is 35.55 vs. the industry median of 16.84, Zhongtai Securities Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio without NRI for a Capital Markets company?
The median PE Ratio without NRI among Capital Markets companies is 16.84, based on 554 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zhongtai Securities Co's current PE Ratio without NRI of 30.78 is 82.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Zhongtai Securities Co and its competitors. For the Capital Markets industry, the median PE Ratio without NRI is 16.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongtai Securities Co's current PE Ratio without NRI is 30.78, which is 13% below median its own 10-year median of 35.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongtai Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Zhongtai Securities Co (SHSE:600918) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.87, compared to a current price of ¥5.51 — trading 19.8% below its estimated fair value. The current PE Ratio without NRI is 30.78, which is 13% below median its 10-year median of 35.55 and 82.8% above the Capital Markets industry median of 16.84. Zhongtai Securities Co's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Zhongtai Securities Co (SHSE:600918), the current PE Ratio without NRI is 30.78 as of Jul. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zhongtai Securities Co (SHSE:600918) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongtai Securities Co stock appears to be undervalued.
The current stock price of ¥5.51 is trading 19.8% below its estimated GF Value™ of ¥6.87.
GuruFocus considers Zhongtai Securities Co to be Modestly Undervalued.
Key valuation signals for SHSE:600918:
PE Ratio without NRI: 30.78 (13% below median its 10-year median of 35.55)
GF Value™: ¥6.87 vs. price of ¥5.51 (19.8% below fair value)
Industry Position: 82.8% above the Capital Markets median (#421 of 554)
No single metric tells the full story. See the SHSE:600918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhongtai Securities Co Ltd is a China-based company mainly engaged in wealth management business. The company operates through eight segments: Asset management business segment, Credit business segment, Futures business segment, International business segment, Investment banking segment, Investment business segment, Wealth management business segment, and Others. It generates the majority of its revenue from the Wealth management business segment. The wealth management business mainly provides securities brokerage services, investment advisory services, product allocation services, and comprehensive financial services.
62GF Score
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PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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